Inspire Medical Systems Q4 EPS $0.49 Beats $(0.10) Estimate, Sales $192.51M Beat $187.24M Estimate
Portfolio Pulse from mahesh@benzinga.com
Inspire Medical Systems (NYSE:INSP) reported Q4 earnings of $0.49 per share, surpassing the $(0.10) estimate, marking a 590% beat and a 390% increase from last year's $0.10. Sales reached $192.51M, exceeding the $187.24M estimate by 2.81% and showing a 39.60% increase from last year's $137.90M.
February 06, 2024 | 9:16 pm
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Inspire Medical Systems reported a significant beat on both earnings and sales estimates for Q4, with earnings per share at $0.49 against a $(0.10) estimate and sales of $192.51M against a $187.24M estimate.
The substantial beat on both earnings per share and sales estimates for Q4 indicates a strong performance by Inspire Medical Systems, likely leading to increased investor confidence and a positive short-term impact on the stock price. The 590% beat on earnings and 39.60% increase in sales year-over-year are significant indicators of growth and operational efficiency, which are key factors investors look for.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100